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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 J0hwF8avkC7Zc077tZQL0p4fdtZpIJG42wngi4ImheA2WVTXHH8ce3D19wNT2ji4
 T06M1tHwQBSOy6r6d/mwWQ==

<SEC-DOCUMENT>0001179110-03-009363.txt : 20031028
<SEC-HEADER>0001179110-03-009363.hdr.sgml : 20031028
<ACCEPTANCE-DATETIME>20031028123729
ACCESSION NUMBER:		0001179110-03-009363
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031024
FILED AS OF DATE:		20031028

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KEMET CORP
		CENTRAL INDEX KEY:			0000887730
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC COMPONENTS & ACCESSORIES [3670]
		IRS NUMBER:				570923789
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		2835 KEMET WAY
		CITY:			SIMPSONVILLE
		STATE:			SC
		ZIP:			29681
		BUSINESS PHONE:		8039636300

	MAIL ADDRESS:	
		STREET 1:		P O BOX 5928
		STREET 2:		2835 KEMET WAY
		CITY:			SIMPSONVILLE
		STATE:			SC
		ZIP:			29681

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GRAVES JEFFREY A
		CENTRAL INDEX KEY:			0001251036

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15491
		FILM NUMBER:		03960277

	BUSINESS ADDRESS:	
		STREET 1:		KEMET CORP
		STREET 2:		P O BOX 5928
		CITY:			GREENVILLE
		STATE:			SC
		ZIP:			29606
		BUSINESS PHONE:		8649636300

	MAIL ADDRESS:	
		STREET 1:		P O BOX 5928
		CITY:			GREENVILLE
		STATE:			SC
		ZIP:			29606
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>FORM 4 -
<TEXT>
<XML>
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
<periodOfReport>2003-10-24</periodOfReport>
<notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000887730</issuerCik>
        <issuerName>KEMET CORP</issuerName>
        <issuerTradingSymbol>KEM</issuerTradingSymbol>
</issuer>
<reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001251036</rptOwnerCik>
            <rptOwnerName>GRAVES JEFFREY A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>KEMET CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>2325 KEMET WAY</rptOwnerStreet2>
            <rptOwnerCity>GREENVILLE</rptOwnerCity>
            <rptOwnerState>SC</rptOwnerState>
            <rptOwnerZipCode>29606</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector>
<isOfficer>1</isOfficer>
<isTenPercentOwner>0</isTenPercentOwner>
<isOther>0</isOther>
<officerTitle>CEO &amp; President</officerTitle>
<otherText></otherText>
</reportingOwnerRelationship>
</reportingOwner>
<nonDerivativeTable></nonDerivativeTable>
<derivativeTable><derivativeTransaction><securityTitle><value>Stock Option (Right to Buy)</value>
<footnoteId id="F1"></footnoteId>
</securityTitle>
<conversionOrExercisePrice><value>12.77</value>
</conversionOrExercisePrice>
<transactionDate><value>2003-10-24</value>
</transactionDate>
<transactionCoding><transactionFormType>4</transactionFormType>
<transactionCode>A</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts><transactionShares><value>100000</value>
</transactionShares>
<transactionPricePerShare><value>0</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode><value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<exerciseDate><value>2005-10-24</value>
</exerciseDate>
<expirationDate><value>2013-10-24</value>
</expirationDate>
<underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares><value>100000</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>178000</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeTransaction>
</derivativeTable>
<footnotes><footnote id="F1">The stock option agreement and/or stock option plan contain earlier exercise and expiration dates.</footnote>
</footnotes>
<ownerSignature><signatureName>/s/ Dr. Jeffrey A. Graves</signatureName>
<signatureDate>2003-10-28</signatureDate>
</ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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